U.S. Bank Business Edge Select Rewards Card Terms and Conditions
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.

We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.

How We Apply Your Payments:  We apply your payments to balances with lower APRs first.

Disclosure of Credit Card Terms
Interest Rates and Interest Charges U.S. Bank Business Edge Select Rewards Card
Annual Percentage Rate (APR) for Purchases 0.00% Promotional APR on qualifying Purchases for first 9 billing cycles.1  After that, and for all non-qualifying purchases,  
U.S. Bank Business Edge Select Rewards Card: 12.24% to 18.24% based on your creditworthiness when you open your account.
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers U.S. Bank Business Edge Select Rewards Card: 12.24% to 18.24% based on your creditworthiness when you open your account.
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances U.S. Bank Business Edge Select Rewards Card: 24.24%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies 28.99%      This APR will vary with the market based on the Prime Rate.
This APR may be applied to your account if you:
1) Make payments 5 calendar days late twice or 30 calendar days late once; or
2) Make a payment that is returned; or
3) If you exceed your Credit Limit 2 times in 12 consecutive months.
How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make 6 consecutive minimum payments when due and do not exceed your Credit Limit during that time period.
How to Avoid Paying Interest on Purchases Your due date is 24 - 30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge If you are charged interest, the charge will be no less than $2.
Fees U.S. Bank Business Edge Select Rewards Card
Annual Fee
Annual Membership Fee
None
Transaction Fees
Balance Transfer
Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
Convenience Check Cash Advance
Either 3% of the amount of each advance or $5 minimum, whichever is greater.
Cash Advance ATM
Either 4% of the amount of each advance or $10 minimum, whichever is greater.
Cash Advance
Either 4% of the amount of each advance or $10 minimum, whichever is greater.
Cash Equivalent Advance
Either 4% of the amount of each advance or $20 minimum, whichever is greater.
Overdraft Protection
Either 3% of the amount of each advance or $10 minimum, whichever is greater.
Foreign Transaction
2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars
3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
Penalty Fees
Late Payment
$19 on balances up to $100,  $29 on balances from $100 up to $250,  $39 on balances of $250 or more
Returned Payment
Up to $35
Overlimit
Up to $39
How We Will Calculate Your Balance: We use a method called 'average daily balance (including new purchases)'. See this account agreement for more details.
Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
Loss of Introductory APR: We may end your introductory APR and apply the standard APR or Penalty APR if you make a late payment, make a payment that is returned, or your account exceeds its Credit Limit.
The information about the costs of the card described in this application is accurate as of 07/2016. This information may have changed after this date. To find out what may have changed, call us at 1-866-485-4545 (We accept relay calls) or write to us at P.O. Box 6353, Fargo, ND 58125-6353.
1The promotional fixed rate applied to qualified Purchases for the first 9 billing cycles is .00000% DPR with a corresponding APR of 0.00%. In order to qualify for this promotional rate, Purchases must post within 279 days of Account opening.
Important Terms and Application Agreement
Business Owner authorizes U.S. Bank National Association (“we”, “us” or “our”) to obtain a consumer credit report and a business credit report for use in assessing his/her personal creditworthiness in connection with an application by Company, of which Business Owner is an employee, principal, owner, partner, officer, or guarantor, for a U.S. Bank Business Edge Select Rewards Account, each an “Account”.  We need such consumer reports because Business Owner may have direct, contingent, present, or future liability to us for the Company’s obligation in connection with the Account. All applicants agree that, as long as the Account is open, we may obtain credit reports about the applicants from time to time. We reserve the right to consider the applicant for a lower line of credit if one was requested. This application must be signed by a Business Owner with authority to bind the Business to the terms of this Application Agreement. The Business Owner certifies that the execution, delivery and performance of this Application has been authorized by all necessary corporate action by the Business, and will provide evidence of such action upon request. If the Business is approved for an Account, the Business Owner requests and directs us to open an Account and to issue a Business Card (“Cards”) to any individual Employees of the Business, including the Business Owner, designated by the Business Owner on this Application or its addendum, or by any process agreed to by us and the Business. The Business Owner and the Business shall be jointly and severally liable for all charges on the Account.  Each applicant understands and agrees that we may increase or decrease the APR or credit limit assigned to the Account and/or to the Cards within the Account or close the Account at any time based on our credit guidelines, credit report information, Account history, or the financial circumstances of the Cardmember. At the time the Account is opened, individual Employees, including the Business Owner, will be issued Cards and a Cardmember Agreement governing individual use of the Account and individual Employee liability for charges to the Account. Use of the Card or the Account will signify acceptance of the terms of the Cardmember Agreement, which may be amended from time to time. By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. All applicants must be at least 18 years old and agree that Accounts will be used primarily for business purposes, and not personal, family, or household purposes. Information from this Application may be shared with our affiliates. Cash access is subject to credit approval. 
Program Rules

U.S. Bank Business Edge Select Rewards Card

Participation in the U.S. Bank Business Edge Select Rewards Program (“Program”) is restricted to U.S. residents who are 18 or more years old (“Cardmember”, “you”, and “your”) in whose name U.S. Bank National Association (“U.S. Bank”, “we”, “us” and “our”) maintains a U.S. Business Edge Select Rewards Credit Card Account (an “Account”). Travel, gift certificates, merchandise and other benefits offered from time to time are the “rewards” you may receive by redeeming points earned in the Program. Program administrative services are provided by third party vendors.

Program Participation

You may cancel Program membership at any time you notify us of cancellation. Your Program membership will automatically be renewed as long as your Account is open and in good standing under the terms of your Cardmember Agreement. We may alter, change, or terminate the Program at any time without advance notice. We may also disqualify Cardmembers who have violated any of these terms and conditions or the terms of their Cardmember Agreement with us. Determination and payment of tax liability is the sole responsibility of the Cardmember. The Program is void where prohibited by federal, state, or local law.

Earning Points

You earn at least one point per dollar of the “net purchases” made with your Account, after we have deducted amounts credited to your Account for returns, refunds or other reasons. Points credited for “net purchases” made through your Account will be shown through the online account service. You may earn additional bonus points for specific purchases depending on which specific program you are enrolled in.

You will NOT earn points for other Account transactions, such as cash advances, cash equivalent advances, cash advances requested through telephone transfers, ATM transactions, traveler’s check purchases, balance transfers, or access check or convenience check transactions. Points do not accumulate for unauthorized Account transactions or for Account fees or charges of any kind, such as interest charges, late payment fees, annual fees, over limit fees, or any related services charges. The points will NOT accumulate if an Account is not in good standing under the terms of you Cardmember Agreement We may decide in our sole discretion which transactions qualify for points, now and in the future.

Points are considered earned when they are posted to the redemption system. Accounts will be updated monthly. Points may take up to 60 days to be posted following a qualifying purchase. Points cannot be earned until an Account has been assigned. No retroactive credit will be given for prior purchases. Points cannot be used in conjunction with other frequency or reward programs.

Redeeming Points

The complete range and variety of available Travel Rewards, Gift Certificate/Gift Card Rewards, Merchandise Rewards and any other Program Rewards, and the number of points needed to obtain each reward is described in the Program Rewards Schedule. Information about the then current Program Rewards Schedule is available when Cardmembers call 888-229-8864 or visit the U.S. Bank Rewards Center at usbank.com. U.S. Bank and/or third party vendors may change or terminate participating merchants, withdraw, limit, modify, or cancel any rewards, add an unlimited number of blackout dates, or increase the number of points required for any reward at any time without advance notice, even though such changes may affect the accrual or value of points or rewards.

You may only redeem points for rewards if the outstanding balance of your Account is below its credit limit and if your Account is open and in good standing under the terms of your Cardmember Agreement. All point redemptions are final. Points are not transferable, are not redeemable for cash and cannot be used as payment for obligations owed to U.S. Bank or its affiliates. There are no refunds, exchanges, replacements or conversions for currency, credits, other points or rewards for no-shows or unused portions or rewards.

We reserve the right to verify and adjust points at any time before or after posting any redemption. Once you or we close an Account for any reason, all accumulated points are forfeited.

Points will expire at the end of the calendar quarter, at 11:00 p.m. Central Time, that is five (5) years from the date on which they were earned. Points are redeemed or expire on a first-in, first-out basis, so that the points you earned are used first before later earned points.

For redemptions, information about the current Program Rewards Schedule, inquiries, and updates, Cardmembers may visit the U.S. Bank Rewards Center anytime at usbank.com or call the Rewards Center at 888-229-8864, between 8:00 am and 10:00 pm (Central Time) Monday through Friday and 8:00 am to 5:30 pm (Central Time) Saturday and Sunday.

Travel Rewards

You may redeem points to purchase travel rewards. All travel reservations must be booked online through the Rewards Center at usbank.com or by phone at 888-229-8864 (only airline tickets may be booked over the phone). Points are considered fully redeemed when a confirmation number is issued and Points are deducted from your balance. Travel rewards can be issued in any individual’s name, but Points used for the purchase must be redeemed by an authorized Cardmember on the Account. U.S. Bank and our third party vendor(s) shall not be liable for any bodily and/or property damage that may result from your use of travel rewards, or the performance by the travel providers (e.g., airlines, hotels, etc.).

Your redemption for travel rewards constitutes your agreement to the terms and conditions of our third party vendor(s). If you book travel through the Rewards Center at usbank.com, please refer to additional terms and conditions provided in the online redemption process. If you book travel by phone, please refer to additional terms and conditions provided on your travel itinerary.

Airlines may impose additional fees that are not included in your award ticket, including but not limited to fees for seating, luggage and changing your ticket.

Airline Ticket Schedule

The current Program Rewards Schedule for Airline tickets:

 

Points

Ticket

50,000

= up to $450

70,000

= up to $625

90,000

= up to $800

130,000

= up to $1,150

170,000

= up to $1,500

225,000

= up to $2,000

280,000

= up to $2,500

340,000

= up to $3,000

 

Hotel Schedule

The current Program Rewards Schedule for Hotels:

 

Points

Hotel

25,000

= up to $225

35,000

= up to $300

45,000

= up to $400

55,000

= up to $500

70,000

= up to $625

85,000

= up to $750

100,000

= up to $900

120,000

= up to $1,100

160,000

= up to $1,500

220,000

= up to $2,000

275,000

= up to $2,500

 

Car Rental Schedule

The current Program Rewards Schedule for Car Rentals:

 

Points

Car Rental

25,000

= up to $225

35,000

= up to $300

45,000

= up to $400

55,000

= up to $500

70,000

= up to $625

85,000

= up to $750

100,000

= up to $900

120,000

= up to $1,100

160,000

= up to $1,500

220,000

= up to $2,000

275,000

= up to $2,500

 

Merchandise Rewards

You may redeem points earned in the Program for merchandise available through participating merchants under the then-current Program Rewards offering located at the Rewards Center at usbank.com. Points for merchandise are redeemed and deducted from the points balance when merchandise is requested by a Cardmember. You may not use cash or anything other than points earned with your Account to acquire merchandise through the Program. U.S. Bank and our third party vendor(s) shall not be liable for any bodily and/or property damage that may result from the use of any merchandise acquired through the Program.

Your redemption for merchandise constitutes your agreement to the following terms and conditions of our third party vendor(s) (such terms and conditions are in addition to any terms and conditions of participating merchants) – please review:

Merchandise merchants are in no way affiliated with U.S. Bank, nor are merchandise merchants considered sponsors or co-sponsors of this Program. Use of merchandise merchant names and/or logos are by permission of each respective merchandise merchant and all trademarks are the property of their respective owners. Returns are only accepted for merchandise that is damaged, defective or mis-shipped and reported within 90 days of the receive date. Manufacturer warranties, if any and if applicable, cover merchandise offered in the Program. Redemption for merchandise is not available where prohibited by law. Merchandise redeemed may be shipped within the 48 contiguous United States only, unless noted otherwise. Only standard shipping is available; no express delivery. Ship-to address must be a street address; APO/FPO/PO Box addresses are not accepted.

Gift Certificate and Gift Card

You may redeem points earned in the Program for gift cards or gift certificates available under the then-current Program Rewards offering located at the Rewards Center at usbank.com. Points for gift cards/gift certificates are redeemed and deducted from the points balance when gift cards/gift certificates are requested by a Cardmember. You may not use cash or anything other than points earned with your Account to acquire gift cards/gift certificates through the Program. U.S. Bank and our third party vendor(s) shall not be liable for any bodily and/or property damage that may result from your use of gift card/gift certificate acquired through the Program.

Your redemption for gift cards/gift certificates constitutes your agreement to the following terms and conditions of our third party vendor(s) (such terms and conditions are in addition to any terms and conditions appearing on or with the gift cards/gift certificates) – please review:

Gift card/gift certificate merchants are in no way affiliated with U.S. Bank, nor are gift card/gift certificate merchants considered sponsors or co-sponsors of this Program. Use of gift card/gift certificate merchant names and/or logos are by permission of each respective gift card/gift certificate merchants and all trademarks are the property of their respective owners. Additional terms and conditions of gift card/gift certificate merchants apply to gift cards/gift certificates, and such terms and conditions are subject to change at gift card/gift certificate merchant's sole discretion, if permitted by law. Please see the gift card/gift certificate merchant’s gift card/certificate/website and the physical gift card/gift certificate for such additional terms and conditions. Gift cards/gift certificates can only be shipped within the 50 United States and U.S. territories. Gift cards/gift certificates will not be personalized and are transferable and may be redeemed by any person. Gift cards/gift certificates must be presented to participating gift card/gift certificate merchant for use. A gift card/gift certificate may only be used once. Mechanical reproductions, copies or facsimiles of gift cards/gift certificates will not be accepted. Gift cards/gift certificates are not exchangeable, refundable or redeemable for cash and cannot be replaced if lost or stolen. There are no refunds, exchanges, replacements or conversions for currency, credit, other points or rewards for no-shows or unused portions of gift cards/gift certificates. Lost, stolen, destroyed or expired gift cards/gift certificates will not be reissued or replaced. Reasonable efforts will be made to ensure that the gift certificate/gift card delivered in a timely manner. U.S. Bank, third party vendor(s) and gift card/gift certificate merchants are not responsible for gift cards/gift certificates or correspondence lost or delayed due to U.S. Mail delivery.

Cash Back and Choose Your Own Rewards as a Statement Credit

You can convert points as a cash value for a redemption as a statement credit to your Account. Points for cash back redemptions are deducted from the points balance when the cash back redemption is requested by a Cardmember. Statement credits are issued via a credit to your Account by accessing the Rewards Center at usbank.com. A credit will be applied to your Account within 6-8 weeks. Points redeemed for a statement credit will reduce the account balance, but will not count toward your minimum payment due.

Purchasing Points

You can purchase additional points to use for redeeming for rewards. Each point is priced at $.03, a minimum number of 500 points per purchase is required and points must be purchased in increments of 100. The maximum number of points you may purchase in a calendar year is 25,000. Purchased points are available immediately. You do not earn additional points for purchasing points. All point purchase transactions are final and points cannot be returned. Your Account must be in good standing to purchase points. U.S. Bank reserves the right to change the price that is charged per point.

U.S. Bank Prepaid Rewards Cards
Points for U.S. Bank rewards cards (“Rewards Cards”) are redeemed when a Rewards Card is requested by Cardmembers. At the time of the Rewards Card redemption, your rewards point balance will be reduced by the number of points used to obtain the reward(s). U.S. Bank will use its best reasonable efforts to issue a Rewards Card within 7-10 business days of your request. Rewards Cards lost in mail will be replaced at no cost to the Cardmember if correct address information is provided at the time of redemption. Once received, Rewards Cards can be replaced if lost or stolen if the Rewards Card number is available.

Rewards Cards are mailed only to the Cardmember’s billing address. Rewards Cards will be personalized with the Cardholder’s name and cannot be exchanged or refunded. Rewards Cards can be used at any merchant that accepts debit cards.

Limitation of Liability

In addition to other disclaimers set forth in these Program Rules, third party vendors and U.S. Bank make no guarantees, warranties or representations of any kind, expressed or implied, with respect to the goods or services offered by any participating merchant; and shall not be liable for any loss, expense, accident, injury or inconvenience that may arise in the connection with the use of such rewards; or as a result of any defect in or failure of such rewards. Third party vendors and U.S. Bank specifically disclaim any defect in or failure of such rewards. Third party vendors and U.S. Bank specifically disclaim any implied warranties of merchantability or fitness for a particular purpose.